CVC DIF, the infrastructure business of CVC, completed the acquisition of a majority stake in Spanish ship-repair yard Cernaval on 27 October 2026. Financial terms were not disclosed.
Why CVC DIF (infrastructure business of CVC) is buying Cernaval (majority stake)
CVC DIF said Cernaval is well positioned in a strategically important port and that it sees considerable scope to develop the business. It plans to modernise the shipyard, expand its capabilities, improve commercial and operational processes and introduce digitalisation and energy-efficiency measures.
Deal terms and financing
Neither the size of the stake nor the price was disclosed. Founder Mario López will continue to support the company.
Market context
Cernaval operates under a long-term concession in the Port of Algeciras Bay, where more than 120,000 vessels pass through the Strait of Gibraltar each year. It employs about 275 people, worked on 68 vessels in 2025 and operates a 400-metre dry dock and a 230-metre floating dock.
